What is it?
Welcome to SMUD's Neighborhood SolarShares. Your new home comes with a virtual solar system—SolarShares. As a SolarShares customer, you'll enjoy all the benefits of solar without a solar system on your roof.
This program helps meet California's building code requirement that all new homes provide solar energy starting January 1, 2020. SolarShares homeowners will receive energy from a solar system managed by SMUD for a period of 20 years as part of the home purchase requirements.
Benefits of SolarShares
- You’ll enjoy the benefits of a solar system without solar panels on your roof.
- A fixed portion of your electricity is generated from the sun.
- You’re supporting California-based, clean renewable energy sources.
- SolarShares starts when you begin electric service with SMUD. You don’t have to do anything to begin receiving solar benefits.
How it shows on your bill
Information about your SolarShares will appear in the “SolarShares Charges” section on your monthly SMUD bill. There are three SolarShares-related items:
- SolarShares Credit: shows the value (in dollars) of the electricity generated by your SolarShares. This amount may change monthly based on different factors.
- SolarShares Charge: shows the fixed charge to operate and maintain the panels that provide your solar power.
- SolarShares Subtotal: The difference between the SolarShares Credit and SolarShares Charge, letting you know if there's an overall credit or charge on the month's bill.
You'll notice that the SolarShares Charge is flat month-to-month, but will increase slightly each year. The SolarShares Credit, however, will change based on the amount of solar electricity generated (more in the summer months) and the value of the generated electricity (higher in the summer months). This means that your credits are higher in the summer months than in the non-summer months. We estimate that you'll save on your SMUD bill each year that you live in the SolarShares home.
Frequently Asked Questions
Your new home automatically includes SolarShares from SMUD and will be participating in the program for 20 years, even with subsequent owners. As the owner, you are automatically enrolled. You don’t need to sign up and you will begin benefiting right away.
No action is needed. You'll begin receiving SolarShares as soon as your electric service starts in your new home.